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TAXATION AND PAUPERISM Bastiat, the French Economist, thus
discriminates between the good and bad economist: ? " Between a
good and a bad economist this constitutes the whole difference?the
one takes account of the visible effect; the other takes account
both of the effects which are seen, and also of those which it is
necessary to foresee. Now this difference is enormous, for it
almost always happens that when the immediate consequence is
favourable, the ultimate consequences are fatal, and the converse.
Hence it follows that the bad economist pursues a small present
good, which will be followed by a great evil to come; while the
true economist pursues a great good to come, at the risk of a small
present evil " (Essays on Political Economy, F. Bastiat, p. 48). It
seldom occurs to the Socialist legislator to look beneath the
surface or beyond the superficial aspect of any measure. So great
an authority as Professor Foxwell has rightly said: ? " The
incidence of taxation is one of the most difficult problems of
political economy." Sidgwick, perhaps the most eminent modern
economist, has pointed out that? " We can only partially succeed in
making the burden either of direct or indirect taxes fall where we
desire; the burden is liable to be transferred to other persons
when it is intended to remainwhere it is first imposed "
(Principles of Political Economy, H. Sidgwick, p. 567). This
frustrates the great Socialist aim " to make the poor richer by
making the rich poorer." But Socialists " rush in where angels fear
to tread." It is a common saying of Socialist workers, " Pile it on
the rates and taxes; it doesn't affect us "; but it does affect
them vitally. Lecky said: ? " No truth of political economy is more
certain than that a heavy taxation of c...
General Books LLC
|Country of origin:
Guilford Lindsey Molesworth
||246 x 189 x 2mm (L x W x T)
||Paperback - Trade
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